> ECB's Makhlouf: 50 bps rate hike is the minimum for December

ECB's Makhlouf: 50 bps rate hike is the minimum for December

Remarks by ECB policymaker, Gabriel Makhlouf

Monday, 05/12/2022 | 09:06 GMT

Have to be open to policy rates moving into restrictive territory for a period in 2023
It is premature to be talking about terminal rate
It would be wrong to ascribe out current inflation problem solely to supply shocks

On the balance of things, it would seem like the ECB is leaning more towards a 50 bps rate hike but even up until now, it is hard to rule out a potential 75 bps move yet. That will make it a bit tricky to manage pricing ahead of their policy decision on 15 December.